Facebook revenue tops expectations off the back of rising mobile ad sales

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Facebook boss Zuckerberg also announced plans to hire 3,000 new staff to review videos and images (Source: Getty)

Facebook said it will now stop reporting earnings per share, as well as non-GAAP expenses, income and tax rate.

Why it's interesting

The results came on the same day that Facebook founder Mark Zuckerberg announced the company’s plans to hire 3,000 new staff to review videos and images after a series of violent acts were streamed live on the site. Zuckerberg said his firm will add to its community operations team to review “the millions of reports we get every week, and improve the process for doing it quickly”.

He added: “If we’re going to build a safe community, we need to respond quickly.”

The site has faced criticism for failing to tackle violent content being streamed, as well as the rise of “fake news”. Earlier this week, MPs on the UK’s Home Affairs Select Committee said Facebook, Google and Twitter were “shamefully far from taking sufficient action” to prevent fake news from going viral via their websites.

What the company said

"We had a good start to 2017," said Mark Zuckerberg. "We're continuing to build tools to support a strong global community."